Located in Truckee, CA, a popular recreational destination for Bay Area travelers. The property is situated near popular tourist attractions and prime destinations such as Northstar and Palisades Tahoe ski resorts, Martis Camp, downtown Truckee, and a host of outdoor activities. Conveniently located near major transportation routes including I-80, CA 267, the Truckee Airport, as well as newly constructed bike lanes.
Continue reading
Asset Type
Hotel
Acquired
DEVELOPED
2017
Scope
Key Investment Thesis
Leverage the adjacency to the new Golden1 Center, home to the Sacramento Kings, and prime location in the heart of Sacramento’s CBD, to develop a best-in-market boutique lifestyle hotel and luxury residences with hotel services that would deliver significant premiums over the then-current room rates residential sales per SF.
JMA Value Creation
Asset Type
Acquired
Scope
Key Investment Thesis
Located along the beautiful shoreline of Lake Tahoe, CA Homewood High & Dry Marina has been serving the Lake Tahoe area since 1967 and was the first marina in Lake Tahoe to utilize dry rack storage. Positioned nearly at the center of the incredible West Shore, the Marina consists of indoor and outdoor dry rack storage, and on-the-water buoy storage with the ability to store over 250 boats onsite. Storage is available annually, seasonally, and short-term, including monthly, weekly, and daily. In addition, the Homewood High & Dry Marina features a harbor with four launch bays, three fueling stations with a public fuel dock, two DC fast chargers for on-the-water electric boat charging, two eFoil charging stations, and a head pump out station.
The Marina is home to a large onsite service and repair shop. From boat repairs and cleaning, to launch and fuel, the team prides themselves as “vacation savers,” jumping on mid-season boat repairs to get customers back on the water as soon as possible. As a PCM Premier Dealer, with Volvo Penta and Mercury Marine certified technicians, their Service Department has over 40 years of combined boat service experience.
Along with storage and service, the Marina works with partners to provide boat sales and boat rentals. Boats are available for purchase and demo onsite through Homewood Marina’s sales partner Superior Boat Repair & Sales. Brands feature Nautique known for ski, surf and recreational boats and Barletta featuring top-of-the-line pontoons. The public has the opportunity to get out on the water from the Marina’s harbor through boat rental partners High Sierra Waterski School and SWA Watersports.
Building upon its track record of environmental stewardship and innovation Homewood High & Dry Marina, in conjunction with Superior Boat Repair & Sales and Nautique, powered by Ingenity, worked for over three years on bringing the world’s first 100% electric watersport boat to Lake Tahoe. In the summer of 2020, the Nautique GS22E plugged into Lake Tahoe’s first on-water electric boat charging station at the Marina. The Marina continues to lead the charge on environmental stewardship with their Clean Marina certification, supporting the Clean Up the Lake effort, and participating in the Eyes on the Lake program.
JMA Value Creation
Entitlement of a signature mixed-use tower with hotel and residential as the focal point of project in the heart of Downtown San Francisco.
Asset Type
Acquired
DEVELOPED
Scope
600’ Mixed-use Tower
Key Investment Thesis
With a location at the convergence of business and tourist activity in San Francisco and a desirable housing and hospitality mixed use profile, 45 Third Street is poised to be one of the beneficiaries of San Francisco’s push to support new large housing-oriented developments in the City core.
JMA Value Creation
Developed project concept, programming and design alongside international design firm Skidmore Owings & Merrill
Two iconic Pat Kuleto restaurants with an unrivaled location on San Francisco’s waterfront over a panoramic coastline view of San Francisco Bay and Bay Bridge.
Asset Type
Acquired
Scope
Key Investment Thesis
Opportunity to develop industry-leading restaurants in a prime waterfront location.
JMA Value Creation
Asset Type
Acquired
DEVELOPED
Scope
Key Investment Thesis
JMA Value Creation
Resort redevelopment concepting, planning, and permitting
Capital sourcing for individual development phases
Asset Type
Acquired
DEVELOPED
Scope
Mixed use retail (101,000 SF across 12 buildings and 283 parking spaces) and a 53 private residence club.
EXIT
Key Investment Thesis
JMA Value Creation
Renovation and transformational adaptive re-use of the iconic Hearst Building into the premier luxury hotel, the Hearst Hotel Auberge Collection, in downtown San Francisco.
2024
125 keys
Key Investment Thesis
The Hearst Hotel will address the market void as the only highly differentiated, A+ location luxury hotel in San Francisco, a chronically undersupplied market for luxury product.
JMA Value Creation
As a result of 8 years of pre-development, the project is fully entitled, with thorough due diligence and cost exercises and research completed, under an option to enter into an 85-year ground lease agreement with the Hearst Corporation.
Engaged renowned interior designer Roman & Williams to design a truly bespoke and unmatched luxury offering
Redevelopment of the former Westfield Downtown Plaza in downtown Sacramento into Downtown Commons (“DoCo”), a 1,000,000 SF mixed-use development surrounding Golden 1 Center, home to the NBA’s Sacramento Kings. The project was developed in a joint venture with the Sacramento Kings and was designed to leverage activity from the 17,500-seat Arena and its CBD location four blocks from the State Capitol Building.
Asset Type
Arena-Anchored Mixed-Use
Acquired
2012
DEVELOPED
2017
Scope
1,000,000+/- SF
EXIT
Key Investment Thesis
Leverage the adjacency to the new Golden1 Center, home to the Sacramento Kings, and prime location in the heart of Sacramento’s CBD, to develop a regionally transformative lifestyle mixed-use project that would deliver significant premiums over the then-current market rental rates, hotel room rates, and residential sales per SF.
JMA Value Creation
